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How do I know whether I am getting money back or paying?

Posted 17 September 2012 under Tax Q&A


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I submitted my tax form and on my notice of assessment it shows "Net amount refundable under this assessment after allowable credits" as R-0.03 however when I request a statement of account it shows a refund amount of R-3111.86. I am very confused - am I getting R3111.86 or 3 cents?

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TaxTim TaxTim says:
5 September 2012 at 9:34

Was the Notice of Assessment a revised assessment or the first one? If your statement of account shows a refund amount then this is what will be paid out as long as you have no outstanding returns for prior years.


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Need help
submitting your
Tax returns?


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

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